In the fast-paced world of cryptocurrency, meme coins have emerged as an undeniable force. Fueled by internet culture and celebrity influence, these tokens have generated countless tales of overnight wealth—and equally dramatic crashes.
Among them, Melania Coin (MELANIA), a politically themed meme coin, has drawn significant attention since its inception. Just today, MELANIA surged over 30%, reaching a peak of $0.15 and once again capturing the market’s spotlight.
01 Market Update: Melania Coin Price Performance
According to the latest data from Gate, as of October 28 (UTC), Melania Meme (MELANIA) is showing strong performance, currently trading at $0.13—up 31.62% over the past 24 hours.
During today’s session, MELANIA hit a high of $0.15 and pulled back to a low of $0.09, reflecting significant volatility.
The current market capitalization stands at approximately $121 million, up about $29 million from the previous day, indicating a substantial influx of capital.
On the Gate exchange, the MELANIA/USD trading pair remains active, allowing investors to monitor real-time price movements.
02 Project Overview: What Is Melania Coin?
Official Melania Meme (MELANIA) is a meme coin built on the Solana blockchain, officially launched on January 19, 2025.
This launch date coincides with the eve of Donald Trump’s second inauguration, underscoring the project’s clear political symbolism.
The project has received official endorsement from First Lady Melania Trump, aiming to serve as a digital collectible rather than a utility token with specific functions.
According to its whitepaper, MELANIA is primarily designed as a way for supporters to engage with the "values" represented by Melania Trump.
03 Price History: Rollercoaster Volatility
Looking back at MELANIA’s price history, it exemplifies the classic boom-and-bust pattern seen in meme coins.
On January 20, 2025, the token reached its all-time high of $13.73, only to plummet to $0.075 by October 11—a decline of more than 99%.
Recent data shows MELANIA was trading at just $0.1202 on October 11, before rebounding to $0.132 on October 28, marking a clear upward trend over the past month.
This extreme volatility makes MELANIA a high-risk, high-reward investment, best suited for those able to tolerate significant price swings.
04 Market Buzz: Trump-Themed Coins Take Center Stage
Melania Coin isn’t the only cryptocurrency inspired by political figures. On October 28, the "Trump concept" coin TRUMP (OFFICIAL TRUMP) topped the trending coins list.
TRUMP is currently priced at $6.92, up 10.01% in the last 24 hours—another standout performance.
MELANIA ranks 8th on the trending list, surpassing tokens like SOL and MERL, highlighting the market’s concentrated interest in Trump-related coins.
This broad rally among politically linked tokens suggests that political events and news are becoming major drivers of asset prices in this sector.
05 Drivers Behind the Rally: Multiple Catalysts Fuel Price Surge
Several key factors are behind MELANIA’s recent price spike.
Easing U.S.-China trade tensions is a major catalyst. President Trump stated he expects to reach a trade deal with China, saying, "I have great respect for President Xi—we will reach an agreement."
This statement not only boosted market sentiment but also directly lifted Trump-themed coins.
Macro policy factors are also providing support. Lower-than-expected U.S. inflation data has increased expectations for interest rate cuts, prompting more risk-averse capital to flow into the crypto market.
Community buzz is another important factor. On social platforms like X (formerly Twitter), discussions about MELANIA and related concepts have surged, attracting speculative capital.
06 Legal Risks: Class Action Lawsuit and Team Sell-Offs
Despite strong price performance, Melania Coin faces significant legal and ethical risks.
The project is named in a class action lawsuit accusing several meme coin projects of "pump and dump" fraud.
While the suit does not directly accuse Melania Trump of wrongdoing, it claims she "unwittingly endorsed the project and served as its public face."
More concerning, Meteora executives—the issuing entity—are accused by investors of organizing the token launch despite knowing a crash was imminent.
Investors allege these executives orchestrated a plan to profit massively by selling off tokens, causing the price to collapse.
Data shows that in the past month, the MELANIA team sold 20.5 million tokens, totaling $14.06 million in value, at an average price of $0.686.
This large-scale sell-off has further fueled doubts about the project team’s integrity.
07 How to Buy: Gate Exchange Trading Process
For investors still interested in trading MELANIA, Gate offers a straightforward process.
Step one: Create and log in to your Gate account. If you don’t have an account, complete registration first.
Step two: Complete KYC and security verification to ensure account safety and compliance.
Step three: Transfer fiat currency from your bank account to the Gate platform, then use it to purchase MELANIA tokens.
Step four: Confirm your purchase and manage your assets. Gate supports the MELANIA/USD trading pair, allowing users to track price changes in real time.
Outlook
Behind the market frenzy, risk is never far away. Melania Coin’s strong showing on October 28 highlights the wild volatility of the meme coin market, while ongoing lawsuits and team sell-offs cast a shadow over its future.
For everyday investors, trading these assets is more like surfing than investing—you need to ride the wave’s momentum while staying alert to hidden currents below. While platforms like Gate offer some degree of security, ultimately, the consequences of your decisions rest with you.
